Discretionary Trusts And Bankruptcy When family assets have been placed in a discretionary trust and one of the trustees or beneficiaries files for bankruptcy, the other interested parties may be left wondering where they stand. Establishing a discretionary trust can be an effective way to protect family assets should one of the beneficiaries become …
Bankruptcy and Child Support: What You Need to Know If you are considering declaring bankruptcy and are currently paying child support, it is vital to understand how they interact and what your ongoing responsibilities are. When people find themselves in dire financial straits and can no longer meet their financial commitments, bankruptcy may be …
Bankruptcy and The Family Home During the current economic climate, more and more people are asking what happens with bankruptcy and the family home. You may be considering declaring bankruptcy to help them move forward from unmanageable debt. For most people filing for bankruptcy, one of the most common concerns they have is whether …
Bankruptcy and Family Law: What Happens If My Ex Becomes Bankrupt? If your ex becomes bankrupt, it is crucial to know how bankruptcy and family law intersect and what financial impact their bankruptcy will potentially have on you and your children. With many Australians currently finding themselves out of work, the incidence of people …
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